Signal Advisors Wealth LLC Has $8.70 Million Stock Position in NVIDIA Co. (NASDAQ:NVDA)

Signal Advisors Wealth LLC increased its position in shares of NVIDIA Co. (NASDAQ:NVDA) by 58.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,812 shares of the computer hardware maker’s stock after buying an additional 23,867 shares during the period. NVIDIA accounts for approximately 1.0% of Signal Advisors Wealth LLC’s holdings, making the stock its 18th biggest position. Signal Advisors Wealth LLC’s holdings in NVIDIA were worth $8,704,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. grew its position in NVIDIA by 896.9% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 6,330 shares of the computer hardware maker’s stock worth $782,000 after purchasing an additional 5,695 shares during the last quarter. Financial Guidance Group Inc. grew its position in NVIDIA by 900.0% during the second quarter. Financial Guidance Group Inc. now owns 3,600 shares of the computer hardware maker’s stock worth $445,000 after buying an additional 3,240 shares in the last quarter. Heritage Family Offices LLP bought a new position in NVIDIA during the second quarter valued at about $257,000. Guidance Capital Inc. raised its holdings in NVIDIA by 984.8% in the 2nd quarter. Guidance Capital Inc. now owns 5,424 shares of the computer hardware maker’s stock valued at $635,000 after acquiring an additional 4,924 shares in the last quarter. Finally, Rice Partnership LLC lifted its position in shares of NVIDIA by 911.0% in the 2nd quarter. Rice Partnership LLC now owns 188,016 shares of the computer hardware maker’s stock worth $23,228,000 after acquiring an additional 169,419 shares during the period. Institutional investors own 65.27% of the company’s stock.

Analyst Ratings Changes

NVDA has been the topic of a number of research reports. Morgan Stanley lowered their price objective on NVIDIA from $166.00 to $152.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial raised their price objective on shares of NVIDIA from $148.00 to $167.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Bank of America reissued a “buy” rating and issued a $190.00 target price on shares of NVIDIA in a research note on Thursday, November 21st. Raymond James raised their price target on shares of NVIDIA from $140.00 to $170.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 14th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $175.00 price objective on shares of NVIDIA in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $166.23.

NVIDIA Stock Performance

Shares of NASDAQ:NVDA opened at $124.75 on Friday. The firm’s 50 day simple moving average is $137.46 and its 200 day simple moving average is $129.40. NVIDIA Co. has a fifty-two week low of $60.70 and a fifty-two week high of $153.13. The company has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 49.09, a P/E/G ratio of 2.65 and a beta of 1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64.

NVIDIA (NASDAQ:NVDA) last posted its earnings results on Wednesday, November 20th. The computer hardware maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.12. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. The company had revenue of $35.08 billion for the quarter, compared to analyst estimates of $33.15 billion. During the same period last year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 93.6% compared to the same quarter last year. As a group, sell-side analysts forecast that NVIDIA Co. will post 2.78 earnings per share for the current year.

NVIDIA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 5th were paid a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. NVIDIA’s payout ratio is 1.57%.

Insiders Place Their Bets

In other news, EVP Ajay K. Puri sold 36,462 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $151.10, for a total transaction of $5,509,408.20. Following the completion of the sale, the executive vice president now owns 3,902,888 shares of the company’s stock, valued at $589,726,376.80. This represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Colette Kress sold 66,670 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $135.40, for a total transaction of $9,027,118.00. Following the completion of the sale, the chief financial officer now directly owns 3,351,572 shares in the company, valued at $453,802,848.80. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,108,348 shares of company stock worth $146,506,958 over the last ninety days. 4.23% of the stock is currently owned by corporate insiders.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.